SLB stock trades at USD 51.76 as Kelvion deal reshapes growth
Published on 09/24/2026 at 20:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
SLB stock was trading at USD 51.76 on the NYSE at 2:20 p.m. ET on September 24, 2026, with a daily change of -0.21 percent. The company is extending its energy technology strategy into data center infrastructure through its Kelvion acquisition announced on August 31, 2026.
Kelvion adds data center scale
According to SLB, the transaction includes USD 3.4 billion in cash and USD 0.7 billion of assumed debt, producing a total transaction value of USD 4.1 billion. The deal is expected to close in the first half of 2027, subject to regulatory approvals.
Kelvion brings thermal management and heat exchange technology to SLB's Data Center Solutions business. The strategic logic is visible in the transaction structure: SLB is using a large cash commitment to add an industrial platform alongside its oilfield services operations.
Q2 revenue beats the comparison
SLB generated USD 8.97 billion of revenue in Q2/2026, an increase of 5 percent from the year-ago quarter. Adjusted EPS was USD 0.55, which exceeded the USD 0.51 consensus by USD 0.04, according to Yahoo Finance.
The same Q2/2026 transcript shows adjusted EPS rising USD 0.03 from the prior quarter while falling USD 0.19 from the year-ago quarter. Annual recurring revenue increased 15 percent year over year, giving the data and digital businesses a separate growth metric beyond the core oilfield cycle.
Stock stays below the yearly high
At USD 51.76 on September 24, 2026, SLB's share price was 14.39 percent below its 52-week high of USD 60.46 and above its 52-week low of USD 31.64. Market capitalization stood at USD 76.82 billion, while the daily move was -0.21 percent.
Valuation expectations remain higher than the current quote in one recent analyst update. MarketScreener reported on September 9, 2026, that UBS raised its SLB price target from USD 66 to USD 72 and kept a Buy rating. The target revision places the analyst reference above the September 24 market price while the Kelvion transaction moves toward its planned 2027 closing.
SLB key facts
- Company: SLB N.V.
- Ticker: SLB
- Trading venue: NYSE
- Price as of September 24, 2026 at 2:20 p.m. ET: USD 51.76
- Market capitalization: USD 76.82 billion as of September 24, 2026
- 52-week range: USD 31.64-60.46 as of September 24, 2026
- Sector / Industry: Energy / Oil and Gas Equipment and Services
